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4 out of nearly 10 UV curable adhesives sales are contributed by acrylic resins
A recent study by Fact.MR on the UV-curable adhesive market provided a 10-year forecast. The study analyzes the key trends currently determining the growth of the UV curable adhesive market. This report describes the important dynamics of key market participants and key stakeholders, such as drivers, constraints, and opportunities.
New York, December 3, 2021/PRNewswire/ - Fact believes that after witnessing a modest growth rate of 6.7% over the past five years, the global UV-curable adhesive market is expected to grow 2.1 times between 2020 and 2030 . gentlemen.
The surge in demand in the electronics, packaging, optics, and medical industries has mainly driven the development of the UV-curable adhesive market.
UV curable adhesives use ultraviolet light or any other radiation source to initiate the curing process. Because of their excellent properties, including curing speed, excellent stability, low energy consumption and the ability to bond different surfaces, they are widely used in industrial applications.
UV curing has become an ideal and cost-effective method for bonding medical equipment. Therefore, the growing global demand for medical devices is accelerating the growth of the UV curable adhesive market.
In addition, the expansion of the range of UV-curable adhesives in flexible packaging is supporting market growth, and this trend may continue in the future. Manufacturers are adopting new UV curing systems to make the process faster and more effective. Therefore, the adoption of these advanced systems bodes well for the market.
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According to Fact.MR, the acrylic part is expected to account for about 40% of the UV curable adhesive market due to the high penetration rate of products across regions. In addition, factors such as the manufacturer's production feasibility, price point and application range have enhanced the product's position in the market.
From a regional perspective, due to the increasing use of UV-curable adhesives in the medical device and electronics industries, Europe is expected to dominate the UV-curable adhesive market. However, East Asia is expected to become the focus of attention and become the most profitable market for UV-curable adhesives during the forecast period.
"The booming medical device industry and electronic products are creating new growth avenues for the UV curing adhesive market. To capitalize on this trend, manufacturers are adopting various strategies, such as product portfolio expansion, price cuts, and new technology integration," Facts said. MR analyst
Key Points of UV Curing Adhesive Market Research
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According to Fact.MR, the global UV curable adhesive market is highly fragmented in nature, with primary market participants. Top manufacturers include Henkel, 3M, Denka and Delo, which account for more than 40% of global UV-curable adhesive production.
Major players are investing heavily in research and development activities to expand their product portfolio. In addition, they have also adopted various strategies such as mergers, new product launches, partnerships, cooperation and expansion of production plants to dominate the market.
Some of the major players in the UV curing adhesive market introduced by Fact.MR are:
More insights on the sales prospects of global UV curable adhesives
Fact.MR provides an unbiased analysis of the UV curable adhesive market, historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study reveals compelling insights into the global demand for UV-curable adhesives, with detailed breakdowns based on the following:
Key issues covered in the UV curing adhesive market outlook report
Explore Fact.MR's coverage of chemistry and materials –
Thermal Conductive Adhesive Market-The global thermal conductive adhesive market is widely used in industries such as automobiles and electronics. In addition, in the long-term forecast period, the global demand for integrated circuits and cutting-edge technology is increasing, which is expected to drive the overall demand for the thermally conductive adhesive market. The increasing investment in energy storage solutions and low-cost and high-efficiency materials is expected to bring profitable prospects to the global thermally conductive adhesive market.
Analysis of Silicone Adhesives Market-The silicone adhesives market will grow as the demand for sealants with excellent chemical and physical quality in the construction, automotive, electrical and electronic industries increases. Silicone adhesives are increasingly used for structural metal bonding, exterior interior trim and glass bonding, and this is expected to help the market gain traction in the near future. Silicone also has excellent adhesion to automotive packaging materials and films. Due to its excellent electrical conductivity, silicone adhesives will continue to be popular, especially in the electronics industry.
Two-component adhesive market scope-Two-component adhesives are known for their strong bond strength and heat resistance, and they are used in a variety of applications, including automobiles and construction. Marketing companies are taking advantage of the lightweight and strong trends in the automotive industry to promote the sales of revolutionary two-component adhesives. Due to increased demand in the construction industry, the two-component adhesive market is growing. Two-component adhesives replaced traditional binding and bonding techniques such as mechanical pins, riveting, and welding, leading to significant growth.
Moisture-curing adhesive market insight-Moisture-curing adhesives are expected to become more and more popular due to their widespread use in the construction and automotive industries. Moisture-curing adhesives are in great demand in many end-uses and industrial applications because they are a key part of proven coating solutions such as primers and other intermediate coatings. The ability of moisture-curing adhesives to absorb atmospheric moisture and prevent corrosion is a key factor in promoting market expansion. Depending on the application and formulation, they range from rigid and hard to flexible and soft.
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